Learn Trading And Investing

Basic Finance Quiz

FOR BEGINNERS

Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.

The safest place for keeping money
1. A pit dug in the ground
2. An iron box
3. Bank
4. Money lender


Gold and silver ornaments should be kept in bank lockers
1. It is safe
2. No risk of theft
3. not safe
4. Both (1) & (2)


ATM can be used for
1. Cash withdrawal
2. Account enquiry
3. Statement of account
4. All of above


Bank provides loans for
1. Home
2. Car
3. Education
4. All of above


General Insurance relates to insurance against
1. Fire
2. Theft
3. Burglary
4. All of above


KYC means
1. Know your customer
2. Know your character
3. Both of above
4. None of above


Loans from money lenders are
1. With High rate of interest
2. No proper accounting
3. No transparency
4. All of above


ATM password to be shared only with
1. Spouse
2. Obedient son
3. Obedient daughter
4. None of above


Life insurance means
1. Insurance of human
2. Insurance of life of human and Cattle
3. Insurance of Life of Machines
4. All of above


We should keep our savings with banks because
1. It is safe
2. Earns interest
3. Can be withdrawn anytime
4. All of above

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